Blue-state ‘Grinches’ are stealing your tax relief, says Treasury Secretary Bessent
J.B. Pritzker, Kathy Hochul. Photo: Allison Robbert/Bloomberg via Getty Images
“This partisan stonewalling is a direct assault on the very families and workers liberal politicians claim to champion. By denying their residents access to these important tax cuts, these governors and legislators are forcing hardworking Americans to shoulder higher state tax burdens, robbing them of the relief they deserve and exacerbating the financial squeeze on low- and middle-income households,” the department’s press release read.
States are not required to adhere to all federal tax provisions. New York is introducing new codes to its tax form, requiring residents to pay taxes on tips and overtime. Colorado plans to require residents to report the amount of overtime pay that was deducted federally and then add it back for state tax purposes. Illinois is expected to adopt similar updates to its tax form to add pay deducted federally.
New York has been ranked the worst state in the country for taxes. The state’s overall tax burden is estimated at 12.02%, while Illinois’ is 9.67% and Colorado’s is 8.42%.
Jared Polis. Photo by Hyoung Chang/Denver Post/Getty Images
Polis responded to Bessent’s comments in a post on X, claiming that Colorado has reduced taxes.
“Colorado has cut our income tax three times, and unlike these measures in Trump’s law, those cuts are permanent,” Polis wrote. “While the Secretary is supporting Trump’s tariff taxes, we are delivering real relief through the most generous child tax credit in the nation and cutting poverty. Spend less time talking about tips, which Colorado conforms to and won’t be subject to state or federal income tax up to the level designated in HR1 and instead focus on lowering interest rates, costs and bringing down the price of goods ahead of Christmas by eliminating these draconian tariffs. Happy holidays, Secretary — may your stockings be full of facts, not coal.”
In response to Bessent’s post, Hochul wrote, “Remarkable that an office once held by Alexander Hamilton is now tweeting Grinch fanfic at governors.”
Pritzker’s office did not respond to a request for comment.
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